With rigorous economic research and practical policy solutions, we focus on the issues and institutions that are critical to global development. Explore our core themes and topics to learn more about our work.
In timely and incisive analysis, our experts parse the latest development news and devise practical solutions to new and emerging challenges. Our events convene the top thinkers and doers in global development.
I'm delighted to congratulate my colleague David Roodman on his winning the first ever Editor's Prize of the Stata Journal for his 2009 and 2011 articles. Here is one of the more easily understood bits of the citation:
Two months ago, Hurricane Sandy swept through Haiti, bringing winds and heavy rain that wiped away buildings, roads, crops, livestock, and fishing boats. By the time the extent of the damage and the humanitarian needs were understood, Americans had their attention fixed almost entirely on New York and New Jersey, not the Caribbean.
As 2012 winds down, it's time once again to look back at the most popular posts to our Views from the Center blog. Surprisingly, posts on the selection process for the World Bank president accounted for four of the top 10.
With 2012 coming to a close, it’s time again for a little light-hearted reflection on what’s hot and what’s not for global development and the wider world in the year ahead. We at CGD put our heads together and came up with the following list. Got better ideas? Add your suggestions in the comments section below!
This is a joint post with Ben Leo, former CGD research fellow and now Policy Director at ONE.
The Overseas Private Investment Corporation is the best US development agency you’ve probably never heard of. Known as OPIC, it’s often mistakenly confused with the oil cartel. But if you care about promoting economic opportunity around the world, then OPIC should be on your radar. And with a few changes, the Government could make OPIC a whole lot more impactful.
Launched in 1971, OPIC leverages public money to create market opportunities and crowd-in private capital by providing insurance, loans, and seed capital for new private equity funds. Over four decades, OPIC has helped to generate nearly $200 billion in new investment, enabling US investors to enter new markets and building a private sector in support of US policy objectives. The bonus of OPIC is not only that it works, but that it comes at no cost to US taxpayers. In fact, for 34 years in a row, OPIC has generated profits and contributed fundsinto the US Treasury (the FY2012 budget expects a $188 million contribution).
January 12 will mark the third anniversary of the tragic Haiti earthquake that killed over 220,000 people, displaced millions, and flattened much of Port au Prince. Damage and losses estimated at $7.8 billion exceeded Haiti’s entire GDP at the time. The country received unprecedented support in response: more than $9 billion has been disbursed to Haiti in public and private funding since 2010. Private donations alone reached $3 billion, much of it from individuals donating small sums via text messages to the Red Cross and other charities. Official donors tripled their assistance from 2009; in 2010 aid flows were 400 percent of the Haitian government’s domestic revenue.
This post originally appeared on Carnegie Council for Ethics in International Affairs' Policy Innovations blog.
Imagine the United States sending low-calorie food aid to Ethiopia in response to the global obesity epidemic. Absurd, right? Even if global waistline trends are worrisome, Ethiopians didn't create the problem. Such a policy would be futile since it would have no noticeable impact on the global aggregate.